Banker: local banks are unable to finance investment projects due to lack of capital
Banker: local banks are unable to finance investment projects due to lack of capital
19-04-2013 12:31 AM
Baghdad (news) .. Said an expert on banking Mohsen Ali, the inability of local banks, two branches of government and private sector to perform the requirements of the investment process in the country due to lack of capital. said Ali (of the Agency news): The government banks Kalravedan and Rasheed not they can cover all the needs of the state grants loans and advances the financial result of non- fulfill the ministries and government departments to pay their debts to these banks. pointed to: that the private banking sector has more than (40) Bank, but mostly its capital is limited and is able to contribute to the investment process and economic development of a country, what makes an urgent need for the establishment of investment banks to contribute. He added: Iraqi investment environment need to sober international banks have the capital to bring high investment companies to enter and strongly to the Iraqi market to contribute to the development of the national economy. / End / 8 /
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